Region
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Farstad bonds may be sold to Fredriksen, Aker or Siem
Norwegian investment firm Alfred Berg Asset Management may sell its controlling stake in Farstad Shipping’s bonds to other big-name offshore…
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Cosco Shipyard to build three boxships
Cosco (Guangdong) Shipyard has won contracts to built three small containerships for an unnamed European shipping company. The contract price…
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Wilmar snaps up supramax for $7m
German owner Schepers H Bereederungs has sold a six-year-old supramax bulker for $7m. Singapore’s Wilmar International is behind the acquisition…
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Boxship outlook to remain grim for rest of the decade: CC Tung
CC Tung, the veteran chairman of Orient Overseas Container Line (OOCL), has warned of a very challenging demand side for…
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Coscocs inks $18bn financing deal with China Exim Bank
Expect Asia’s top containerline to make plenty of bold moves in the market in the coming 12 months now that…
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‘Rather expensive’: DBS Bank’s take on SGX’s offer for the Baltic
Is the Singapore Exchange paying over the odds to buy out the 272-year-old Baltic Exchange? The $103.5m offer made last…
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Swiber’s future to be decided by early October
Swiber Holdings will know its fate by early October. The Singapore offshore company, which backtracked from liquidation to seek judicial…
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Transocean rig at risk of running aground off Scottish island
In extremely windy conditions last night the semi-submersible drilling rig detached from the tug Alp Forward and now risks running…
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Rongsheng’s financial woes laid bare
Huarong Energy, formerly Rongsheng Heavy Industries, had admitted its restructuring is not going smoothly. Once China’s largest private shipyard, the…
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BW Dry Cargo takes ultramax resale
The very rapid build up of the BW Dry Cargo fleet continues with brokers linking it to a J Lauritzen…
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Kambara Kisen continues to sell bulkers
Kambara Kisen, the Japanese owners who also control Tsuneishi Shipbuilding, are in a selling mood. The line has put many…
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Former CSCL highflier takes on APL role
Zhao Hongzhou, the former general manager of China Shipping Container Lines (CSCL), has joined French shipping giant CMA CGM and…
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National Maritime Institute: What Indonesia needs to do to become stronger in shipping
Siswanto Rusdi is the founding director of the National Maritime Institute, a nine-year-old independent think-tank with firm ideas on how…
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Seanergy to make $4.5m from share sale
Greece’s Seanergy Maritime Holdings Corp on Friday revealed it has entered into a securities purchase agreement with one institutional investor,…
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Yangfan workers widen protest seeking government support
Over 500 workers of financially troubled Yangfan Shipbuilding protested in front of a government office on Saturday to seek help…
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TS Taipei wreckage finally removed
The removal of , a TS Line containership which ran aground near Keelung in March, has been completed following five…
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Tanker collision off Japan
Japanese authorities spent Sunday cleaning up a big tanker smash off Kehin Port in Kawasaki prefecture. The Eastern Phoenix was…
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Rickmers Maritime considers containership lay-ups
The depressed market has led Singapore-based Rickmers Maritime to consider laying up some of the 11 containerships it has operating in…
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Construction firm Queiroz Galvao caught up in Petrobras corruption probe
Another big construction company in Brazil has become ensnared in the Petrobras corruption scandal, as federal police have raided properties…
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HSH taps finance veteran to handle toxic loans
Ship finance whizz Ulrike Helfer has been appointed to head up hsh portfolio-management AöR, the entity to which HSH Nordbank transferred…
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